Marten Trans (MRTN) reported $883.7M in revenue for fiscal year 2025, down 8.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Earnings have compressed sharply, but cash conversion and balance-sheet discipline still define this asset-heavy transport model.
From FY2022 to FY2025, operating margin fell from11.3% to2.6% , so the business produced much less profit per dollar of sales. Yet debt-to-equity improved to 0.2x while equity held near$768M , indicating a drop in earning power rather than a balance sheet stretched to protect volume.
In FY2025, operating cash flow was
Even with revenue down to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Marten Trans's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Marten Trans has an operating margin of 2.6%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is down from 3.5% the prior year.
Marten Trans's revenue declined 8.3% year-over-year, from $963.7M to $883.7M. This contraction results in a growth score of 9/100.
Marten Trans carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.
Marten Trans's current ratio of 1.86 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Marten Trans, and counted as zero in the overall score.
Marten Trans's ROE of 2.3% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 3.5% the prior year.
Marten Trans scores 6.11, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.2B) relative to total liabilities ($182.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Marten Trans passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Marten Trans generates $5.36 in operating cash flow ($93.5M OCF vs $17.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Marten Trans generated $883.7M in revenue in fiscal year 2025. This represents a decrease of 8.3% from the prior year.
Marten Trans's EBITDA was $128.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 11.4% from the prior year.
Marten Trans reported $17.4M in net income in fiscal year 2025. This represents a decrease of 35.2% from the prior year.
Marten Trans earned $0.21 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 36.4% from the prior year.
Cash & Balance Sheet
Marten Trans held $43.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Marten Trans paid $0.24 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Marten Trans's operating margin was 2.6% in fiscal year 2025, reflecting core business profitability. This is down 0.9 percentage points from the prior year.
Marten Trans's net profit margin was 2.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.
Marten Trans's ROE was 2.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
MRTN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $857.6M | $883.7M-8.3% | $963.7M-14.8% | $1.1B-10.5% | $1.3B+29.8% | $973.6M+11.4% | $874.4M+3.7% | $843.3M+7.1% | $787.6M+12.8% | $698.1M+4.0% | $671.1M+0.9% | $665.0M-1.2% | $672.9M+2.1% | $659.2M+3.3% | $638.5M+5.8% | $603.7M |
| SG&A Expenses | $299.4M | $312.1M-8.7% | $341.7M-9.8% | $378.8M-2.9% | $390.3M+22.8% | $318.0M+5.9% | $300.2M+9.5% | $274.2M+8.8% | $252.0M+11.5% | $226.1M+0.6% | $224.8M+7.3% | $209.5M+14.2% | $183.5M+7.1% | $171.3M+4.9% | $163.2M+10.6% | $147.6M |
| Operating Income | $15.8M | $22.9M-31.0% | $33.2M-63.1% | $90.1M-37.1% | $143.3M+28.3% | $111.7M+19.8% | $93.2M+21.9% | $76.5M+8.7% | $70.3M+23.7% | $56.9M-2.5% | $58.3M-4.5% | $61.1M+19.7% | $51.0M-1.9% | $52.0M+13.4% | $45.9M+6.6% | $43.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $48K+100.0% | $24K |
| Income Tax | $5.0M | $6.9M-26.4% | $9.4M-60.0% | $23.5M-30.4% | $33.8M+28.6% | $26.3M+10.1% | $23.9M+43.7% | $16.6M+3.8% | $16.0M+147.3% | -$33.8M-243.3% | $23.6M-5.4% | $24.9M+14.2% | $21.8M-1.4% | $22.2M+22.2% | $18.1M+1.0% | $18.0M |
| Net Income | $12.6M | $17.4M-35.2% | $26.9M-61.7% | $70.4M-36.2% | $110.4M+29.2% | $85.4M+22.9% | $69.5M+13.8% | $61.1M+11.0% | $55.0M-39.1% | $90.3M+169.8% | $33.5M-6.4% | $35.7M+19.8% | $29.8M-1.0% | $30.1M+10.6% | $27.3M+12.3% | $24.3M |
| EPS (Diluted) | — | $0.21-36.4% | $0.33-61.6% | $0.86-36.3% | $1.35+32.4% | $1.02+21.4% | $0.84+13.5% | $0.74+10.4% | $0.67 | $1.65+170.5% | $0.61-4.7% | $0.64 | $0.89-1.1% | $0.90+9.8% | $0.82+12.3% | $0.73 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MRTN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $949.8M-2.0% | $968.8M-2.2% | $990.3M+2.6% | $965.7M+10.9% | $870.7M+4.7% | $831.6M+4.4% | $796.6M+5.7% | $753.9M+9.2% | $690.4M+5.6% | $653.7M+3.5% | $631.5M+9.6% | $576.5M+9.6% | $525.8M+7.2% | $490.6M+4.3% | $470.6M |
| Current Assets | $171.7M+24.0% | $138.5M-29.5% | $196.6M-16.6% | $235.8M+26.2% | $186.9M+6.4% | $175.7M+13.9% | $154.2M-5.7% | $163.5M+40.2% | $116.6M+24.8% | $93.4M-6.6% | $100.0M-6.5% | $107.0M-0.3% | $107.3M+12.4% | $95.5M-6.2% | $101.8M |
| Cash & Equivalents | $43.3M+150.6% | $17.3M-67.6% | $53.2M-34.0% | $80.6M+41.4% | $57.0M-13.8% | $66.1M+110.2% | $31.5M-44.6% | $56.8M+259.5% | $15.8M+3135.9% | $488K+12.4% | $434K+252.8% | $123K-99.1% | $13.7M+293.0% | $3.5M-83.3% | $20.8M |
| Accounts Receivable | $85.8M-4.7% | $90.0M-14.7% | $105.5M-12.6% | $120.7M+21.9% | $99.0M+18.7% | $83.4M-8.0% | $90.7M+9.2% | $83.0M+10.9% | $74.9M+8.2% | $69.2M-2.0% | $70.6M-2.3% | $72.3M+2.0% | $70.9M+7.0% | $66.2M+11.5% | $59.4M |
| Total Liabilities | $182.1M-9.3% | $200.8M-13.8% | $233.0M-11.0% | $261.8M+19.5% | $219.0M+3.6% | $211.3M+6.2% | $199.0M+11.8% | $177.9M+7.9% | $164.9M-23.8% | $216.4M-2.6% | $222.1M+17.8% | $188.5M+13.1% | $166.7M+5.0% | $158.7M+5.6% | $150.2M |
| Current Liabilities | $92.2M-1.4% | $93.5M-15.2% | $110.2M-11.3% | $124.3M+32.9% | $93.6M+4.2% | $89.8M+17.6% | $76.3M+6.0% | $72.0M+12.0% | $64.3M+5.9% | $60.7M+21.6% | $49.9M+12.0% | $44.5M-16.0% | $53.0M+13.1% | $46.9M+1.1% | $46.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $7.9M-79.2% | $37.9M+55.4% | $24.4M | N/A | $2.7M | N/A |
| Total Equity | $767.6M0.0% | $767.9M+1.4% | $757.4M+7.6% | $703.9M+8.0% | $651.7M+5.1% | $620.3M+3.8% | $597.6M+3.8% | $576.0M+9.6% | $525.5M+20.2% | $437.3M+6.8% | $409.4M+5.5% | $387.9M+8.0% | $359.1M+9.0% | $329.4M+3.5% | $318.2M |
| Retained Earnings | $712.0M-0.3% | $714.2M+1.0% | $706.8M+7.8% | $655.9M+16.1% | $565.1M+5.7% | $534.4M+3.3% | $517.3M+3.8% | $498.6M+11.2% | $448.5M+23.7% | $362.6M+9.0% | $332.6M+10.8% | $300.2M+9.7% | $273.7M+11.1% | $246.3M+3.6% | $237.9M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
MRTN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $84.8M | $93.5M-30.7% | $134.8M-18.0% | $164.4M-25.1% | $219.5M+28.2% | $171.2M-9.7% | $189.6M+21.2% | $156.5M+1.5% | $154.2M+26.5% | $121.9M-8.9% | $133.8M+4.0% | $128.7M+57.0% | $82.0M-8.1% | $89.2M+4.3% | $85.5M-0.8% | $86.2M |
| Investing Cash Flow | $7.8M | -$42.9M+71.8% | -$152.1M+11.8% | -$172.5M-27.8% | -$135.0M-9.1% | -$123.7M-16.4% | -$106.3M+24.3% | -$140.5M-34.0% | -$104.9M-10.0% | -$95.3M+2.0% | -$97.3M+22.2% | -$125.1M-5.5% | -$118.6M-58.7% | -$74.7M+15.2% | -$88.1M-82.5% | -$48.3M |
| Financing Cash Flow | -$18.7M | -$19.6M-5.3% | -$18.6M+3.1% | -$19.2M+68.4% | -$60.9M-7.6% | -$56.6M-16.4% | -$48.6M-17.8% | -$41.3M-392.2% | -$8.4M+25.6% | -$11.3M+69.1% | -$36.5M-1012.2% | -$3.3M-114.2% | $23.1M+638.9% | -$4.3M+71.0% | -$14.8M+34.1% | -$22.4M |
| Dividends Paid | $19.6M | $19.6M+0.1% | $19.5M+0.2% | $19.5M-0.3% | $19.6M-64.3% | $54.7M+4.5% | $52.4M+24.4% | $42.1M+671.0% | $5.5M+25.2% | $4.4M+32.2% | $3.3M0.0% | $3.3M0.0% | $3.3M+17.9% | $2.8M-85.0% | $18.7M+938.9% | $1.8M |
| Share Buybacks | N/A | N/A | $0 | $0-100.0% | $41.8M | $0-100.0% | $597K | $0-100.0% | $3.8M | $0-100.0% | $7.5M-53.6% | $16.2M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MRTN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.6%-0.9pp | 3.5%-4.5pp | 8.0%-3.4pp | 11.3%-0.1pp | 11.5%+0.8pp | 10.7%+1.6pp | 9.1%+0.1pp | 8.9%+0.8pp | 8.2%-0.5pp | 8.7%-0.5pp | 9.2%+1.6pp | 7.6%-0.3pp | 7.9%+0.7pp | 7.2%+0.1pp | 7.1% |
| Net Margin | 2.0%-0.8pp | 2.8%-3.4pp | 6.2%-2.5pp | 8.7%0.0pp | 8.8%+0.8pp | 8.0%+0.7pp | 7.2%+0.3pp | 7.0%-5.9pp | 12.9%+7.9pp | 5.0%-0.4pp | 5.4%+1.0pp | 4.4%-0.1pp | 4.6%+0.3pp | 4.3%+0.3pp | 4.0% |
| Return on Equity | 2.3%-1.2pp | 3.5%-5.8pp | 9.3%-6.4pp | 15.7%+2.6pp | 13.1%+1.9pp | 11.2%+1.0pp | 10.2%+0.7pp | 9.6%-7.6pp | 17.2%+9.5pp | 7.6%-1.1pp | 8.7%+1.0pp | 7.7%-0.7pp | 8.4%+0.1pp | 8.3%+0.6pp | 7.6% |
| Return on Assets | 1.8%-0.9pp | 2.8%-4.3pp | 7.1%-4.3pp | 11.4%+1.6pp | 9.8%+1.5pp | 8.4%+0.7pp | 7.7%+0.4pp | 7.3%-5.8pp | 13.1%+8.0pp | 5.1%-0.5pp | 5.7%+0.5pp | 5.2%-0.5pp | 5.7%+0.2pp | 5.6%+0.4pp | 5.2% |
| Current Ratio | 1.86+0.4x | 1.48-0.3x | 1.78-0.1x | 1.90-0.1x | 2.000.0x | 1.96-0.1x | 2.02-0.3x | 2.27+0.5x | 1.81+0.3x | 1.54-0.5x | 2.01-0.4x | 2.40+0.4x | 2.020.0x | 2.04-0.2x | 2.19 |
| Debt-to-Equity | 0.240.0x | 0.260.0x | 0.31-0.1x | 0.370.0x | 0.340.0x | 0.340.0x | 0.330.0x | 0.310.0x | 0.31+0.3x | 0.02-0.1x | 0.090.0x | 0.06-0.4x | 0.46+0.5x | 0.01-0.5x | 0.47 |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
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Where Marten Trans Ranks
Frequently Asked Questions
What is Marten Trans's annual revenue?
Marten Trans (MRTN) reported $883.7M in total revenue for fiscal year 2025. This represents a -8.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Marten Trans's revenue growing?
Marten Trans (MRTN) revenue declined by 8.3% year-over-year, from $963.7M to $883.7M in fiscal year 2025.
Is Marten Trans profitable?
Yes, Marten Trans (MRTN) reported a net income of $17.4M in fiscal year 2025, with a net profit margin of 2.0%.
What is Marten Trans's EBITDA?
Marten Trans (MRTN) had EBITDA of $128.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Marten Trans's operating margin?
Marten Trans (MRTN) had an operating margin of 2.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Marten Trans's net profit margin?
Marten Trans (MRTN) had a net profit margin of 2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Marten Trans pay dividends?
Yes, Marten Trans (MRTN) paid $0.24 per share in dividends during fiscal year 2025.
What is Marten Trans's return on equity (ROE)?
Marten Trans (MRTN) has a return on equity of 2.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Marten Trans's operating cash flow?
Marten Trans (MRTN) generated $93.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Marten Trans's total assets?
Marten Trans (MRTN) had $949.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Marten Trans's current ratio?
Marten Trans (MRTN) had a current ratio of 1.86 as of fiscal year 2025, which is generally considered healthy.
What is Marten Trans's debt-to-equity ratio?
Marten Trans (MRTN) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Marten Trans's return on assets (ROA)?
Marten Trans (MRTN) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Marten Trans's Altman Z-Score?
Marten Trans (MRTN) has an Altman Z-Score of 6.11, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Marten Trans's Piotroski F-Score?
Marten Trans (MRTN) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Marten Trans's earnings high quality?
Marten Trans (MRTN) has an earnings quality ratio of 5.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Marten Trans?
Marten Trans (MRTN) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.